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Oct 29, 2012
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developer, originally aimed at low income tax pairs. so, this is a building already under some scrutiny, some controversy. no indication whether they've done anything wrong here but it means people will be watching this very closely to see if anyone was at fault with this crane or anything could have been done earlier because this building is so high profile. >> whoa heard reports they have evacuated the area below and around that building there just in case. certainly we hope for the best there. the reports we've this is the wind -- that high up, that's why they've encouraged people, even if you believe you liv in a safe haven in a high rise in new york city where flooding isn't an issue, the wind becomes an issue because as you got high enough up there, the wind can be up to 110 miles an hour. no doubt, that is what has caused this partial collapse of the crane above that building there at west 57th and 6th avenue in new york city. we're going to take a break here. if you think this storm is bad right now, it's only just the beginning
developer, originally aimed at low income tax pairs. so, this is a building already under some scrutiny, some controversy. no indication whether they've done anything wrong here but it means people will be watching this very closely to see if anyone was at fault with this crane or anything could have been done earlier because this building is so high profile. >> whoa heard reports they have evacuated the area below and around that building there just in case. certainly we hope for the...
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Oct 29, 2012
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of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out there. i think you have to look through near-term issues. because a lot of that normal, natural selling that does occur toward the end of october, will probably occur over a shorter time period. >>. >> we will leave it there. a lot of moving parts we'll check in after this break. super storm sandy sending shock waves across corporate earnings calendar. herb greenberg coming up with that. keep it right here for sandy's storm track, flight cancellations, the impablgt on business and money. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an
of tax loss selling that occurs in the last week of october that is now going to be pent up to when the market resumes trading on wednesday. >> exactly. >> which is why i said earlier, to michael, would you expect basically people trying to get out of positions, a selloff come wednesday? is that what you would expect wednesday if the markets are open, we get a sizeable sell off12of off? eric? >> i think we'll see added volatility. that's going to create some opportunities out...
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Nov 1, 2012
11/12
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matter for lots of things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal consolidation in the first half of next year. >> i think it is critical that you get business back on-board. one of the interesting things has been the consumer seems to be holding in there the retail sales numbers have been a lit better, consumer sentiment numbers have been a little better. business equipment and spending numbers haven't. if you can get both those cylinders firing, you could start inching away at the unemployment rate. >> vince, is your baseline hypothesis that something gets done either right before the close of the year or right after the start of the year, no matter who wins, to
matter for lots of things, including fiscal -- the fiscal cliff and also attitudes to many aspects of tax licy environment, energy and the like. so the world's a risky place and this is a time of heightened uncertainty. now we talk to clients, we do surveys and our own analysts and they say the material drag on demand looking forward already this year. we think that's why we're a little bit below trend in overall demand growth. and the reality is, any way you slice it there will be some fiscal...
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Oct 29, 2012
10/12
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> let's get more on the travel impact of sandy. here on the cnbc exclusive, the ceo and president of expedia, which is of course the largest online travel agency in the united states. welcome to the program. clearly you can see what's happening to the travel industry be it hotels or flights in a very different way from the rest of us. what are you able to report from your business at the moment? >> at this point it's all hands on deck. over the weekend we tried to get as many operators into our call centers as we can to make sure that we have as much availability as possible because we knew that there would be scheduled trouble, et cetera, going into early in the week right now. what we see is elevated call volumes. double the numbers of calls that we
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> let's get more on the travel impact of sandy. here on the cnbc exclusive, the ceo and president of expedia, which is of course the largest online travel agency in the...
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Oct 29, 2012
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go into maybe march or something where there will have to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come, cnbc's own scott cohn is in new york as hurricane sandy is about to make the landfall. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes
go into maybe march or something where there will have to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come,...
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Nov 1, 2012
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tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who thinks that the president, who said no to bowles-simpson, did nothing vis-a-vis the fiscal cliff, asked for a clean bill attached to the debt ceiling, how anybody thinks he can show some leadership and get that done when he's had four years to do it, i don't understand the logic. >> and he was the man that actually authorized and pushes bowles-simpson and then did nothing with it. >> you don't see romney embracing bowles-simpson at the moment either? >> i don't think he's embracing that but i think something similar to bowles-simpson. >> we'll talk more about this. julian and emil will be with us for the rest
tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who...
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Oct 31, 2012
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tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do something to close the gap between what we make and what we spend, we know that we're on a path of unsustainability. right now the gang of eight and the presidency, everybody that's looking at this problem has to make some pretty dramatic moves pretty quickly to avoid what will otherwise be a hard landing if these bush tax cuts do expire without being addressed. >> i know we're making a lot of the storm because we are in the midst of the storm itself here. are there any investments one way or the other as a result of the storm that you will be making or taking off the tabl
tax policy, fiscal policy is a big question mark in people's minds. so i think that the biased long-term between the months of november and the end of year, it's probably downward as we adjust to the out of the money risks that we're facing right now. >> because between the fiscal cliff -- how big an issue is the tax policy? meaning do you sell now try to take advantage of where we are? >> our debt to gdp right now is 100%. and we're growing that at about 8% per year. if we don't do...
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Nov 1, 2012
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the point is to not tax the city in any way. so we'll be going to a whole bus model of private transportation. even though the mayor's office is trying to get transportation back for the city, there's no reason to tax that system. we'll to private busses and that sort of thing. >> you'll go to private security? >> the city really has significant resources. >> significant resources that are kind of busy right now. >> again, you know, the decision of the city that they wanted to go forward with this is theirs and takes into account their resources, and what they think is best for the city, our job is to prepare and deliver the best event we can that brings the city together and helps it move forward. >> the central question is, can the city under such stress have fun? >> i think the central question is actually how do we continue to further the recovery and restore ration, honor those hard hit and begin to help the city rebuild and how best to do that, and the determination was, you know, this weekend, whether it's other sports be
the point is to not tax the city in any way. so we'll be going to a whole bus model of private transportation. even though the mayor's office is trying to get transportation back for the city, there's no reason to tax that system. we'll to private busses and that sort of thing. >> you'll go to private security? >> the city really has significant resources. >> significant resources that are kind of busy right now. >> again, you know, the decision of the city that they...
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Oct 29, 2012
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to "squawk box" on this monday morning. we're covering hurricane sandy and its effect on the financial markets this morning. let's get you up to speed on what you need to know about the markets and the storms. the big board had been planning to keep electronic trading open but then reversed that decision in the evening last night. futures trading is taking place this morning. cme group is running overnight future session until 9:15 a.m. ea but then they're going to shut down for the day after that. dow component pfizer is among companies that canceled earnings reports this morning. however, the government is planning to release personal income and spending data for september as scheduled. that comes at 8:30 a.m. eastern. we'll of course
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> welcome back to "squawk box" on this monday morning. we're covering hurricane sandy and its effect on the financial markets this morning. let's get you up to...